Trump slashes Canada with fresh tariffs

Trump Raises US Tariffs on 70 Countries, Including Canada

President Donald Trump announced an executive order that raises import duties on nearly 70 economies, from a 10 percent level imposed in April when he introduced “reciprocal” tariffs citing unfair trade practices. The new, steeper levels vary by trading partner and reach as high as 41 percent.

Canada faces a 35‑percent Hike

Trump has increased the tariffs on Canadian goods from 25 percent to 35 percent, with the change starting Friday. He warned that Canada’s decision to recognize a Palestinian state at the UN General Assembly could complicate a future trade deal.

Mexico Gains a 90‑Day Delay

Mexico benefits from a 90‑day postponement of the threat to increase duties from 25 percent to 30 percent. The pause came after talks with President Claudia Sheinbaum.

Transshipment Holds a 40‑Percent Penalty

Goods that are transshipped through other jurisdictions to bypass US duties will be subject to an additional 40‑percent tariff, the executive order indicated.

Tariff Implementation: A Week, Not Friday

The White House has said that the measures will take effect in a week for most countries rather than Friday, offering a minor reprieve and opening the door for further negotiations.

Who Can Keep the Trade Rule Book?

“No doubt about it,” said Wendy Cutler, senior vice president of the Asia Society Policy Institute, “the executive order and related agreements tear up the trade rule book that has governed international trade since World War II.” She added, “Whether our partners can preserve it without the United States is an open question.”

With the new duties and the series of negotiations, the overall effect of Trump’s plan remains uncertain amid existing bilateral trade deals with the European Union, Japan, and other partners.

Trump Escalates Global Trade War Using US Economic Muscle

Donald Trump has taken his protectionist agenda beyond domestic borders, using tariffs to reshape global trade. The 79‑year‑old Republican declared that the U.S. economy could survive and succeed only through sustained trade barriers.

Legal Battles Against Emergency Economic Powers

• A lower court ruled that Trump exceeded his authority, triggering three cases on the President’s broad tariffs.
• The U.S. Court of Appeals heard arguments Thursday for tariffs targeting multiple nations.

Customs Revenue Surges Amid Inflation Concerns

• Trump touted a spike in customs revenue this year.
• Economists warn the duties could spur inflation, with proponents arguing the impact will be one‑off.

Countries Reached Agreements to Avoid Higher Levies

• Vietnam, Japan, Indonesia, the Philippines, South Korea and the European Union secured deals.
• Switzerland now faces a 39% duty.
• The tariff on Taiwanese products was lowered to 20% from 32%, but President Lai Ching‑te aims for an even lower level.
• In Southeast Asia, Phnom Penh and Bangkok welcomed news that they each face a 19% tariff—down from initial threatened levels of 49% on Cambodia and 36% on Thailand.
• Britain also reached a pact with the United States, although it was not originally targeted by higher “reciprocal” tariffs.

China Excluded, Expects August 12 Deadline

• China faces an August 12 deadline instead, when duties could rebound to higher levels.
• Washington and Beijing had previously imposed tit‑for‑tat tariffs reaching triple‑digit levels, but both countries have agreed to temporarily lower these duties and are working to extend their truce.